Rm international wishes to sell $100 million of bonds whose net proceeds will be used in the acquisition of little brooks. the underwriter believes that the 100,000 bonds can be sold to the public at their $1,000 par value and estimates that its administrative costs will be $3.5 million. the selling costs will be 0.1% of the sale price. if the underwriter requires a profit equal to 0.75% of the sale price, how much will the spread per bond have to be, in dollars, to cover its costs and profits?

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?